Bitcoin ETFs Surge to Record $40.62 Billion Inflows, Outperforming Gold Amid Price Above $100K

Bitcoin exchange-traded funds (ETFs) have seen a record surge in inflows, reaching $40.62 billion, indicating strong institutional demand and growing investor confidence in cryptocurrency-backed financial products. This milestone reflects Bitcoin’s increasing acceptance in the financial sector. Recent data shows that Bitcoin ETFs experienced an inflow of $117.4 million on May 8, marking two consecutive days of inflows. Bitcoin’s price is currently holding steady above $100,000, trading just below $103,000. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant